Section 8 can be very profitable, but it's not smart as a first investment or a one-off because there is a lot more red tape.

Good points above, but my main point is the same as Mike: there are great tenants that pay market rent.You should raise rent on a great tenant the same way you would with a decent tenant or a bad tenant: quickly and professionally.Kevin is a smart guy, but I'm afraid I have to disagree with his incremental rent increases.

Stand up or bend over, your choice. 

That's more of a personal choice though.I would also keep in mind your long-term goals for REI.

Your parents sound pretty smart, actually.

For example, a few years back, I was working with an investor who wanted to break into the Phoenix market - a solid choice, by the way, because of the rental yields—and we ended up uncovering an off-market duplex that wasn't even on her radar.

If that's your market, your only choice is to get aggressive or sit vacant.Consider lowering the price but increasing your standards.

Tampa’s a prime spot right now, and starting with fix-and-flips is a solid choice for building capital.

Short-term rentals are such an exciting avenue, and your approach of blending investment with family usability is both smart and rewarding.We’re thrilled to have you here and can’t wait to see your journey unfold!

Hi @Jon Martin, in the past anywhere from 2 days to 6 months out by my own choice.